Captions Announces Series C to Invest $100M in AI Video Research in New York

It’s been quite the year for Captions. We hit 10M+ global creators, launched a collection of world-first generative features, and our customers created over 3M videos each month — telling diverse stories, transcending language barriers, and even falling in love (as profiled in the New York Times). Our team also grew from 15 to 60 here in New York City.

Building on this momentum, we’re thrilled to share that Captions has raised $60 million in Series C funding, led by Index Ventures, with participation from our existing investors Kleiner Perkins, Sequoia Capital, and Andreessen Horowitz. New investors include Adobe Ventures, HubSpot Ventures, and Jared Leto. This financing brings our total capital raised to over $100 million and values the company at $500 million.

The recent launch of AI Creator, the first 3D avatars designed for content creation, marks a milestone for Captions as we’ve evolved from letting users record and edit “talking videos” — videos where creators speak to the camera directly — to generating them entirely. Similarly, we recently launched AI Edit, where users can watch AI edit their videos in one tap.

These innovative features catalyze a new age for creativity, empowering an entirely new group of creators who otherwise may have been blocked by the barriers that come with recording or editing.

Looking to the future, we’re excited to share our plans to invest $100 million into advancing generative video research, here in New York City. We believe that New York is emerging as the epicenter for AI research and look forward to building our world-class team here. If this resonates, we would love to talk to you. 

We’re deeply grateful to our investors for their support and counsel, and to our global community of creators for giving us the opportunity to help amplify your ideas. Cheers to the next chapter.